Treasuries higher at auction: Interest rates on short-term...

February 20, 1991

Treasuries higher at auction: Interest rates on short-term Treasury securities rose in Tuesday`s auction, with the Treasury Department selling $9.6 billion in three-month bills at an average discount rate of 5.94 percent, up from 5.86 percent last week. Another $9.6 billion was sold in six-month bills at an average discount rate of 5.91 percent, up from 5.85 percent last week. The three-month bill rate was the highest since they sold for 5.97 percent Feb. 4. As coupon rates, the latest yields were 6.11 and 6.18 percent, respectively.